v3.25.2
FAIR VALUE MEASUREMENTS (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Fair value, assets measured on recurring basis        
Gain from modification $ 1,547,000 $ 1,547,000 $ 1,453,891 $ 0
Releases of Recycled Shares as consideration for Forward Purchase Agreement modification     385,000 0
Derivative liabilities        
Fair value, liabilities measured on recurring basis        
Additions     (4,042,050)  
Change in fair value     (187,428)  
Ending balance, December 31, 2024     4,229,478  
Contingent consideration        
Fair value, assets measured on recurring basis        
Reclass out of Level 3     201,239  
Fair value, liabilities measured on recurring basis        
Additions     (575,690)  
Change in fair value     (59,723)  
Ending balance, December 31, 2024     434,174  
Convertible note        
Fair value, liabilities measured on recurring basis        
Balance, December 31, 2023   $ (2,178,685) (2,178,685)  
Conversion to shares of Legacy ConnectM's common stock     3,779,223  
Assumed from Business Combination     (3,680,000)  
Additions     (4,940,000)  
Change in fair value     (1,707,747)  
Day one gain on issuance     134,886  
Cash payments     50,000  
Ending balance, December 31, 2024     8,542,323 $ 2,178,685
Forward purchase agreement        
Fair value, assets measured on recurring basis        
Assumed from Business Combination     (27,189,660)  
Change in fair value     (8,254,390)  
Gain from modification     1,572,236  
Releases of Recycled Shares as consideration for Forward Purchase Agreement modification     (385,000)  
Cash payments     36,727,814  
Less: cash received     (1,000,000)  
Ending balance, December 31, 2024     $ (1,471,000)